content area top Part 1 Based on the following information from a company's process costing system that is reporting on the month of May's activity in one of its departments, which journal entries would be correct? Cost of goods completed and transferred out (before adding normal spoilage) $140,000 Normal spoilage $14,000 Total cost of goods completed and transferred out $154,000 Abnormal spoilage $5,000 Work in process ending $24,000 Total costs accounted for $183,000 Question content area bottom Part 1 A. Finished Goods $154,000 Work in Process $154,000 Finished Goods $5,000 Loss from Spoilage $5,000 B. Loss from Spoilage $19,000 Finished Goods $19,000 C. Finished Goods $154,000 Work in Process $154,000 Loss from Abnormal Spoilage $5,000 Work in process $5,000 D. Finished Goods $135,000 Work in Process $135,000